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1. TRACXN MONTHLY REPORT
JANUARY 2021
BRAZIL TECH

2. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Brazil Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
Acquisitions 10
Recent News 11

3. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Brazil Tech Snapshot – January 2021
Brazil Tech: Snapshot – January 2021
Note : "Investors" refers to "Institutional Investors" only
3
$898M
7
Overall Geo Stats
8
3
32
8
9
Funding Rounds $ Invested Analyst Picks
Creditas Upgraded
to UNICORN
New Investors
Invesco
Dynamo
Series A+ rounds Active Investors IPOs Acquisitions
BitcoinTrade#@
B3 Cargo#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sao Paulo
(4 Rounds, $700M)
Curitiba
(2 Rounds, $190M)
Brasilia
(1 Rounds, $7.0M)
Belo Horizonte
(1 Rounds, $7.0M)
$400M - Series G
Nubank (2013, Sao Paulo, $1.5B)
$255M - Series E
Creditas (2012, Sao Paulo, $567M)
$190M - Series E
MadeiraMadeira (2009, Curitiba, $300M)
$37.6M - Series C
Mercado Bitcoin (2013, Sao Paulo,
$37.6M)
Kaszek Ventures
(2 Investments)
International Finance
Corporation
(1 Investments)
Sequoia Capital
(1 Investments)
SoftBank Corp
(1 Investments)
Banking Tech
Nubank
Alternative Lending
Creditas
Home Improvements
MadeiraMadeira
Cryptocurrencies
Mercado Bitcoin
Market Size
Companies Covered 6,033
Funded Companies 1,448
Total Funding $12.0B
Funding in last 12 months $3.3B
Top Exits
IPOs 27
Acquisitions 187
Company Stage
Unicorns 7
Soonicorns 25
Minicorns 89
Editor Picks 529
Series A+ 322
Series C+ 83
Acqui-Hires 2
Deadpooled 680
Top Cities
Sao Paulo (555 Rounds, $8.4B)
Rio De Janeiro (110 Rounds, $430M)
Top Investors
Monashees (52 Investments)
Spectra (43 Investments)

4. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Brazil Tech as of January 2021
Brazil Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2021)*
Nubank
(2013, Sao Paulo, $1.5B)
$400M - Series G GIC
Creditas
(2012, Sao Paulo, $568M)
$255M - Series E LGT Lightstone
MadeiraMadeira
(2009, Curitiba, $300M)
$190M - Series E SoftBank Group
Mercado Bitcoin
(2013, Sao Paulo, $37.6M)
$37.6M - Series C GP Investments
Liv Up
(2015, Sao Paulo, $37.3M)
$7.8M - Series B
bxblue
(2017, Brasilia, $7.1M)
$7.0M - Series A
Ecotrace Solutions
(2016, Monteiro, $962K)
$577K - Seed KPTL
*Shows only the lead Investors

5. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Brazil Tech in January 2021
Brazil Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$37.6M - Series C
Mercado Bitcoin (2013, Sao Paulo, $37.6M)
Exchange platform for Bitcoins
GP Investments,
LATE STAGE
$190.0M - Series E
MadeiraMadeira (2009, Curitiba, $300.0M)
Online retailer offering multi-category home
improvement products
SoftBank Group, Velt, Brasil Capital, Monashees,
Dynamo, and 1 more
LATE STAGE
$255.0M - Series E
Creditas (2012, Sao Paulo, $567.5M)
Online platform for asset-backed loans
LGT Lightstone, Tarsadia Capital, Wellington
Management, Advent International, Kaszek Ventures,
and 2 more
LATE STAGE
$400.0M - Series G
Nubank (2013, Sao Paulo, $1.5B)
Digital bank for consumers
GIC, Invesco, Whale Rock Capital Management,
Sequoia Capital, Dragoneer Investment Group, and 2
more
LATE STAGE
Series C
Contabilizei (2013, Curitiba, $31.6M)
Online accounting services for SMBs
SoftBank Corp, Point72 Ventures, Kaszek Ventures,
International Finance Corporation, Quona Capital
EARLY STAGE
$7.0M - Series A
bxblue (2017, Brasilia, $7.1M)
Online marketplace and comparison platform for
payroll deductible loans
, FJ Labs, , FundersClub
EARLY STAGE
$7.8M - Series B
Liv Up (2015, Sao Paulo, $37.3M)
Online platform to order meal kit
SEED STAGE
$577.0K - Seed
Ecotrace Solutions (2016, Monteiro, $962.0K)
Blockchain-based commodities tracking solutions for
agribusiness
KPTL
SEED STAGE
Seed
Sigga (2001, Belo Horizonte)
Multi-Industry mobile operation management
solutions
Gemspring

6. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Brazil Tech in January 2021
Brazil Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Invesco
81 portfolio companies | Investment management firm
Nubank
Digital bank for consumers
$400M Series G
Dynamo
1 portfolio companies | Dynamo - Administração de Recursos
MadeiraMadeira
Online retailer offering multi-category home improvement products
$190M Series E
Gemspring
3 portfolio companies | PE firm invests in the US & Canada
Sigga
Multi-Industry mobile operation management solutions
Undisclosed Seed
parallaxventures.com
1 portfolio companies |
Mercado Bitcoin
Exchange platform for Bitcoins
$37.60M Series C
igahventures.com
1 portfolio companies |
bxblue
Online marketplace and comparison platform for payroll deductible
loans
$7.01M Series A
Brasil Capital
1 portfolio companies | Long/short equity hedge fund
MadeiraMadeira
Online retailer offering multi-category home improvement products
$190M Series E
ipo-ventures.com
1 portfolio companies |
bxblue
Online marketplace and comparison platform for payroll deductible
loans
$7.01M Series A
Whale Rock Capital Management
5 portfolio companies | Investment management firm
Nubank
Digital bank for consumers
$400M Series G

7. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 <> 0 Digital Native Retail Banks $700M 2 Nubank | $400M | Series G
2 ▲5 Internet First Retail Bank with Partner Bank's License $300M 1 Neon | $300M | Series C
3 ▲2
Alternative Lending > Online Lenders > Diversified >
Direct Lender
$255M 1 Creditas | $255M | Series E
4 <> 0
Alternative Lending > Online Lenders > Consumer Loans >
Asset Backed Loans > Diversified > Marketplace
$255M 1 Creditas | $255M | Series E
5 ▲1 Online Retailer of Home Improvement Products $190M 1 MadeiraMadeira | $190M | Series E
6 -- Payment Card Issuer Processors $170M 2 Conductor | $150M | Series D
7 ▲1 Mobile Casual Game Developers $120M 1 Wildlife Stud.. | $120M | Series B
8 ▲27 Facial Biometrics $107M 1 Acesso | $107M | Series B
9 --
Chatbots > Chatbot Development > Conversational AI
Development > Low Code Platform
$100M 1 Take Blip | $100M | Series A
10 -- Car Subscription $85.1M 1 VAI | $85.1M | Series C

8. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Brazil Tech in January 2021
Brazil Tech: Analyst Picks
8
Upgraded to UNICORN
Creditas (2012, Sao Paulo, $255M, Series E)
Online platform for asset-backed loans
Naspers, Tarsadia Capital, Quona Capital and 18 other
Investors
Upgraded to UNICORN
MadeiraMadeira (2009, Curitiba, $190M, Series E)
Online retailer offering multi-category home
improvement products
SoftBank Group, Christian Friedland, Light Street
Capital and 8 other Investors
Upgraded to MINICORN
bxblue (2017, Brasilia, $7.0M, Series A)
Online marketplace and comparison platform for
payroll deductible loans
Investo, German Ventures, Altair Capital and 11 other
Investors
Added to Editor's Pick
Loopa (2019, Sao Paulo, $1.3M, Seed)
Accounts reconciliation software for businesses
Added to Editor's Pick
QSP Brasil (2016, Fortaleza, Unfunded)
Mobile-based application for public service delivery
Added to Editor's Pick
Involves (2009, Florianopolis, Unfunded)
Cloud-based marketing solutions provider for retail
businesses
Liga Venturesand
Added to Editor's Pick
Niduu (2017, Sao Luis, Unfunded)
Online learning platform for enterprises
Liga Venturesand

9. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Brazil Tech in January 2021
Brazil Tech: Analyst Picks
9
Added to Editor's Pick
SYOS (2001, Rio De Janeiro, Unfunded)
Provider of IoT-based smart cooler management
solution
KPTLand

10. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Brazil Tech in January 2021
Brazil Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
05 Jan 2021
BitcoinTrade(2017, Rio De Janeiro)
Cryptocurrency trading platform
Ripio
06 Jan 2021
B3 Cargo(2017, Joinville)
Solutions for loading and unloading management.
Trizy
12 Jan 2021
Blaze Information Security(2016, Recife)
Vulnerability assessment and incident response services
Accenture

11. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Brazil Tech in January 2021
Brazil Tech:News
11
Exit News
.
● Neogrid’s R$423 Million Initial Public Offering Global Legal Chronicle
.
● Arezzo&Co acquires the online thrift store TROC and debuts in the billion-
dollar second-hand clothes market labsnews.com
.
People News
.
● Precision ag leader Taranis hires Bar Veinstein as new CEO to lead next stage
of company growth agropages.com

12. Brazil Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Brazil Tech on Tracxn Platform
Brazil Tech: Explore more on Tracxn Platform
12
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Brazil
AI Companies in Brazil
Fintech Companies Brazil
Consumer Digital in Brazil
Company Due Diligence
Detailed profile of Creditas
Competitors of QuintoAndar
Cap Tables of MadeiraMadeira
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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